We're thrilled to announce that our very own Stephanie Castagnier Dunn has been awarded WECT News’s "Best of the Cape Fear" in the category of Best Banker/Bank. This achievement and recognition is a testament to the dedication and excellence we bring to serving our clients every day. We're proud to support business owners in the Cape Fear region and across the United States, helping them achieve their financial goals with innovative digital solutions, expertise and personalized service. Thank you to everyone who voted and continues to trust us with your business. Here's to many more years of celebrating success together! #DigitalBank #BusinessBanking #BestOfCapeFear #BestBanker #BestBank #HumanResources #OnlyForward
About us
Grasshopper is a client-first digital bank serving small businesses, startups, and investors supporting them across the innovation economy. Our digital solutions cover small business, venture-backed companies, fintech-focused Banking-as-a-Service (BaaS) and commercial API banking platforms, SBA lending, commercial real estate lending, and yacht financing. Privately owned and headquartered in New York City, the bank is a Federal Deposit Insurance Corporation member and is an Equal Housing/Equal Opportunity Lender. We're always looking for talented, driven, visionary people to join our team. If you don't see the job that fits your skillset, please send your resume to recruiting@grasshopper.bank.
- Website
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https://www.grasshopper.bank
External link for Grasshopper Bank
- Industry
- Banking
- Company size
- 51-200 employees
- Headquarters
- New York, NY
- Type
- Privately Held
- Founded
- 2019
- Specialties
- fintech, startups, VC, venturecapital, privateequity, PE, startupfinancing, founders, commercial banking, banking as a service, smb banking, sba lending, cre lending, and yacht financing
Locations
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Primary
261 5th Ave
Suite 610
New York, NY 10016, US
Employees at Grasshopper Bank
Updates
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Are you thinking about or in the process of starting a venture capital firm? Our partner VC Lab, the leading global venture capital accelerator, is now open for admission to Cohort 15. The free accelerator helps exceptional venture capitalists launch Venture Studios, Fund of Funds, Pre-Seed, Seed, and Series A Firms. For admission into this competitive program, submit your application by June 10th. #VentureCapital #Accelerators #EmergingManagers ⬇⬇⬇
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As a client-first digital bank built for the business and innovation economy, we knew that rapid scaling required streamlined risk management. By partnering with Alloy, we implemented a scalable fraud solution that reduced manual reviews while lowering costs, allowing us to iterate more effectively and deliver a superior client experience. #DigitalBank #BusinessBanking #OnlyForward
Discover how Grasshopper Bank drove down the cost of fraud while expanding into new markets; all while retaining a lean operation. Grasshopper Bank is a client-first digital bank built for the business and innovation economy. As it grew, Grasshopper realized that in order to scale quickly, it needed to streamline risk management across their platform, including in their primary area of focus: core deposits. With Alloy, manual reviews fell from 20% to 8.5%, Grasshopper was able to grow its client base without adding new employees. https://bit.ly/3USNIer
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🌟 #TechTuesday Recap 🌟 Our recent company offsite in Fort Worth, Texas was nothing short of incredible! The day was filled with innovative brainstorming sessions, cutting-edge tech showcases, and an abundance of talent shining through. From insightful presentations to collaborative activities, the energy and enthusiasm about where we are and where we are going as an organization made the offsite truly special. Here's to continuing this momentum and shaping the future of business banking together! #DigitalBank #BusinessBanking #Innovation #Tech #Talent #Teamwork #HumanResources #HumanCapital #HR
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Earlier this week, our Head of HR, Lynn Gibson, was privileged to attend a Leadership Roundtable on building for the next generation of diversity, equity, and inclusion. It was a day of connection and collaboration with a group of dynamic and inspiring DEI leaders who came together to discuss market, industry, and social shifts, and how to maintain focus and investment in the crucial work of DEI initiatives. #OnlyForward
In this together. // This week, I had the *absolute* pleasure of hosting a group of leaders and change agents in the DEI and people space at our Capco NYC office. The plan for our day? A mix of conversation and community, support and strategy, and a commitment for people to leave feeling both encouraged and understood. We did it! Where’d we land on where we go from here? There is more work to do. And yes, the road is bumpy. Change is hard, and it’s okay to be tired. You are not alone and DEI is not dead. So grateful to my partner-in-good trouble, Byron Slosar, for saying yes to the idea, and to all the peeps who were able to make calendars work and be there—thank you! And to the Gen Z voices in the room, the future is bright because of you! Kenneth, Christiann, Tyra, Aja, Angel, Heath, Olivia, Gina, Lynn, AiLun, Kizmet, Chinenye, McKinley, Carlos, Carrie, Lisa, and Byron—what a day! [Big bonus: getting to meet some of my years-long, online-only connections in person for the first time!]
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In this article, Stephanie Castagnier Dunn, Head of SBA Lending discusses how our digital application empowers small business owners by providing easier access to capital and our strategies to further digitize the lending process. #DigitalBank #BusinessBanking #SBALending #SMBs #OnlyForward
Small businesses demand efficient access to capital and Grasshopper Bank is meeting the needs of its small business clients through its latest digital lending solutions #SBA #lending https://hubs.la/Q02wgl5p0
Grasshopper begins rollout of SBA lending strategy | Bank Automation News
https://bankautomationnews.com
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Grasshopper Bank reposted this
If your financial institution is serving businesses (big or small) the same way as from five years ago, you're already failing. “Interest rates have tripled in the last 24 months,” says Stephanie Castagnier Dunn, head of SBA lending at Grasshopper Bank. This has caused a “credit compression” among small firms that will continue in the “higher for longer” environment that’s shaping up. Many entrepreneurs are also turning to personal credit to get their businesses off the ground, leading to a growing need for debt consolidation through SBA loans. However, the proliferation of online "fast, easy money" options has led some borrowers into costly traps with severe prepayment and exit penalties. Remote work plays heavily into the scope of these major changes too, impacting small firms' needs for commercial real estate and their approach to recruitment and compensation. To adapt to these changes, banks like Grasshopper are combining the human touch with digital solutions. While emphasizing the availability of loan officers for consultation, the bank has also launched a digital pre-qualification form to cater to the 24/7 nature of small business lending.
How Higher Interest Rates Flipped Small Business Credit Needs
thefinancialbrand.com
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We're honored to be Founder Institute's Preferred U.S. Banking Partner! We look forward to working closely with the FI team to further drive innovation throughout the startup community. #DigitalBank #BusinessBanking #StartupBanking #OnlyForward
We are excited to announce today a national U.S. partnership with Grasshopper Bank! Grasshopper is a client-first digital bank built to serve the business and innovation economy, with an innovative digital platform and powerful tools for startups that require speed and flexibility. As part of this partnership, we will collaborate with Grasshopper to offer its innovative "Accelerator Checking" product to startups across 30+ U.S. Founder Institute chapter cities, and design new customized banking solutions, educational resources, and interactive events to help thousands of entrepreneurs across the country. Learn more at https://lnkd.in/gaNyyd9w
Founder Institute Partners with Grasshopper Bank to Drive Startups Forward
fi.co
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“The financial needs small businesses have today are completely different from five years ago." In this article, Stephanie Castagnier Dunn, Head of SBA Lending shares her perspective on how the current rate environment is influencing borrower behavior and attitudes toward small business lending. https://lnkd.in/gs5gp9QT #DigitalBank #BusinessBanking #LendingTrends #BusinessGrowth #SmallBusinessWeek #SMBs #OnlyForward
How Higher Interest Rates Flipped Small Business Credit Needs
thefinancialbrand.com
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In honor of #smallbusinessweek, we're excited to share the strides we’ve made in refining our products and technological capabilities. Explore how our latest enhancements empower small businesses, boost efficiency, and improve our client experience! #DigitalBank #BusinessBanking #FintechPartnerships #Innovation #AI #SMBs #OnlyForward
Unlocking New Efficiencies: Our Latest Tech Innovations This Past Quarter - Grasshopper
https://www.grasshopper.bank